Regional Universities And Communities Need Targeted Help To Ride Out
COVID-19 is expect to have a devastating regional impact on Australian universities, causing them to lose billions in revenue. By 2024, the estimated loss of revenue from international students is A$18 trillion. All universities are affect but regional universities and communities are most at risk.
Regions have limited resources so universities play an important role in their economies. Or they risk jeopardising regional growth and job creation by not adapting to rapidly changing conditions and changes in government policy. The long-term consequences for regional communities could disastrous if these universities are not support by the government.
CQ University part of the Regional Universities Network (RUN), which includes Southern Cross University and Federation University Australia. It also includes University of New England. University of Southern Queensland, University of the Sunshine Coast, University of the Sunshine Coast, University of New England and University of New England. CQUniversity, which has 39% international students, is facing a revenue shortfall in 2020. Charles Sturt University (32% of international students) is facing a loss in revenue of A$80 million.
What Are The Economic Effects On Regional Economies?
COVID-19 has caused job losses at all universities. Regional economies are most affected by these job losses. Helen Bartlett, RUN chair, spoke to a hearing of a federal parliamentary commission in May. Regional universities’ job losses have a major impact on the regionals communities, especially when there is little alternative for professional employment.
She urged the government to double its annual regionals loading funding of A$74 millions. Each year, around 115,000 students are educate at regional universities. This is about 9% of all enrolments in Australian public universities. A 2018 study showed that regional universities contribute A$1.7 billion to their local economies each year. Seven out of ten of the ten graduates end up working in regionals areas.
The national economy also benefits from the contributions of more than A$2.1 billion to regionals universities and 14,000 full-time positions at these institutions https://qqonline.bet/.
What’s The Government Doing?
The federal government provided A$18 billion of funding for universities in April to support the sector during the coronavirus crisis. A$100 million was also grant in regulatory fee relief. Deborah Terry, chair of Universities Australia, welcomed the first step. She warn that 21,000 jobs could still lost. The government unveiled the Job-Ready Graduates Package in June. The government plans to reduce student fees for select courses and increase others to encourage students to study for the jobs of the future.
Regional universities will receive additional support, including. 3.5% increase in Commonwealth Grant Scheme funding for regional and remote campuses. A$5,000 payment for students who are from remote, regionals and very remote regions who enroll in Certificate IV or higher studies for at least one-year.
A new A$500million-per-year fund to support students from Indigenous, Regionals and Low-Social Status get into university. A$48.4 Million in research grants to regional universities for partnering with industry and other universities to increase their research capacity. A$21 million for the establishment of new regionals universities centres.
guaranteed bachelor-level Commonwealth-supported places to support more Indigenous students from regional and remote areas to go to any public university. A fund to link industry sectors with the government is also being promise at A$900 million. This fund will help universities to build stronger relationships with STEM industry and offer work-integrated learning opportunities.
What Does This Mean To Regional Universities?
The package was welcome by the Regional Universities Network. Bartlett said. The student contribution to courses in teaching, nursing, allied health and engineering should be reduced to encourage more regional students to study these subjects. There should be more jobs in these regions, it is believed. Regional Australia will have more skilled workers if there are more graduates from our universities.
The tertiary education industry must remain vigilant as the COVID-19 economic war is constantly evolving. Prioritizing spending should ensure that it is equitable for all universities and communities. The key factors that affect the success of tertiary education within the region and the dependent communities must be considered by decision-makers.